Exxon Profit at 2003-04 Levels ‘Shows What Normal Looks Like,’ Says Consumer Group Santa Monica, CA — Exxon Mobil’s first quarter profit of $4.55 billion dollars is small only by comparison to the last six…
Press Release
Archive | Tag: shareholder-accountability
Blog Post
Chevron’s torture(d) lawyer
03-31-09 by dugan Corporate arrogance leads to corporate blindness: AIG execs who packaged impossible risk into AAA securities, bankers who lent trillions on a bet that the real estate bubble would never pop. In Chevron’s…
Press Release
Exxon & Chevron’s Record Profits
Energy Prices That Deepened Recession Drive Exxon, Chevron to Yearly Profit Records, Says Watchdog Oil Giants Cling to Cash Hoards and Trim Output, Setting Trigger for Next Price Spike Santa Monica, CA — Consumers left…
Press Release
Shell’s 4th Qtr Profit Or Loss?
Shell Oil: Is It Profit or Loss? Paper Losses Blur Hard-Cash Record Profits in Industry Oil Production and Gasoline Refining Cuts Increase Odds of Future Price Spikes, Says Watchdog Santa Monica, CA — Shell’s 4th…
Press Release
Conoco’s 4th Qtr Loss
Conoco’s Loss: Consumer Group Sees Trend of Major Oil Companies Waiting Out Recession, Not Investing for Recovery Corporate Cutbacks Now Likely to Generate Price Spikes Later As Economy Tries to Recover Santa Monica, CA —…
Blog Post
Oil profits: Watch the other hand
1-26-09 by dugan The major oil companies will be reporting their 4th quarter 2008 and annual profits this week, and here’s a safe prediction: They’ll lean on the drop in their 4th quarter profits as…
Blog Post
Anything to boost oil’s price
1-15-09 by dugan There are tanker ships loaded with cheap crude oil just floating around the oceans waiting for the price to go up, says a report today by Clifford Krauss of the New York…
News Clipping
Why Gas Rises While Oil Drops
Meltdown 101: Why Gas Prices Rise While Oil Drops By John Porretto, ASSOCIATED PRESS January 15, 2009 HOUSTON, TX — You may do a double-take as you pass your local gas station. Chances are, the…
Report
Energy market piracy
1/14/09 by dugan Here’s a truly watchable explanation of how speculative money took over energy markets in 2008 and helped ruin the world economy. Solutions are included, thanks to CBS 60 minutes and Consumer Watchdog’s…
Blog Post
Oil platforms are forever
12-29-08 by dugan With a new administration a few weeks from office, and Gov. Arnold Schwarzenegger in opposition, the likelihood of new offshore oil rigs popping up along the California coast may seem slim. But…
Blog Post
Amtrak model for Big 3?
12-3-08 by dugan Michael Moore’s been wrapped up for the last several years with failing health care, the failed Bush Administration and the war in Iraq. But the author/moviemaker’s enduring fascination is Detroit iron. He…
Blog Post
Chevron’s moral liabilities
11-26-08 by dugan A jury in San Francisco is deliberating whether Chevron is liable for a shooting spree by Chevron-paid Nigerian troops against protesters aboard an oil platform a decade ago. No matter what the…
Blog Post
What Exxon owes us ‘sissies’
11-17-08 by dugan Sitting inside the wreckage of the rest of the U.S. economy, Exxon Corp. beams with fiscal health. It is protected by its insular, petroleum-only culture, as described in a long NY Times…